24/03/2020: COVID-19 Impact on Indian Rupee
The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.
01/04/2019: Romania plans to adopt the euro
The Romanian government announces its intention to join the Eurozone and set a target date for adopting the euro as the national currency.
08/11/2016: Demonetization
The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.
03/07/2007: Indian Rupee Symbol
The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.
01/06/2005: Currency redenomination
Romania underwent a currency redenomination, with 10,000 old lei being exchanged for 1 new leu, to simplify transactions and eliminate zeros.
01/07/2003: Romania joins EU Accession
As part of joining the European Union, Romania pledges to adopt the euro in the future, aiming for greater economic integration.
21/06/1991: Liberalization of Indian Economy
India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.
28/02/1991: End of communist era
As communism collapsed, Romania undergoes economic reforms and introduces a free-floating exchange rate system for the leu.
24/06/1957: Decimalization of Indian Rupee
The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.
30/12/1947: Communist regime introduces new leu
In an attempt to devalue the currency and control the economy, the Communist regime introduces a new leu at a ratio of 1:20,000.
15/08/1947: Indian Independence
India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.
01/03/1901: Introduction of the gold standard
Romanian leu was tied to the gold standard, ensuring the stability of the currency and attracting foreign investments.
01/04/1867: Creation of the Romanian leu
The leu was established as the official currency of Romania, replacing the previous currencies in circulation.
01/01/1862: Introduction of Indian Rupee
Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.